Taxes

The State of Florida is ranked 4th best overall in a favorable tax climate by the Tax Foundation.

State Personal Income Tax: None

State Corporate Income Tax: 5.5% with credits for job growth, R&D and investment.

State Sales Tax: 6% with a local additional sales tax of 0.5%

Local Property Tax Rate ($/$1,000 assessed value): $20.5492 base with special tax districts that may add up to $5.6020.

The millage rates are detailed in the table below:

Ad Valorem

City of Port St. Lucie

City of Ft. Pierce

County

County Parks and Public Transit

0.3582

0.3582

0.3582

Storm Water management and Erosion

0.0925

0.0925

0.4422

Law Enforcement and Judicial System

3.2699

3.2699

3.7802

School System

7.2830

7.2830

7.2830

County Revenue Fund

4.1273

4.1273

4.1273

Municipality Specific

5.4096

6.900

0.4380

Fire District

3.0000

3.0000

3.0000

Water Management and Mosquito Control

0.5964

0.5964

0.5964

FL Inland Navigation and Port Bond

0.5239

0.5239

0.5239

Total Millage

25.8801

26.1512

20.5492

Note: Tangible personal property is assessed at these same rates. Source: St. Lucie County Property Appraiser (2015 Rates)

TAX ADVANTAGE
​Florida’s stable and highly favorable tax climate provides advantages that make a Florida location profitable for every type of business. Progressive legislation also ensures that Florida remains a worldwide hub for new and expanding businesses.

Florida has…

NO corporate income tax on limited partnerships

NO corporate income tax on subchapter S-corporations

NO state personal income tax guaranteed by constitutional provision

NO corporate franchise tax on capital stock

NO state-level property tax assessed

NO property tax on business inventories

NO property tax on goods-in-transit for up to 180 days

NO sales and use tax on goods manufactured or produced in Florida for export outside the state

NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging

NO sales/use tax on co-generation of electricity

Florida offers Sales and Use Tax Exemptions on…

Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale

Labor, parts and materials used in repair of and incorporated into machinery and equipment